Tag Archives: Nuclear

Southern Company missed earnings: weather and Kemper Coal and nuclear Plant Vogtle

SO CEO Tom Fanning continued to blame slow sales and earnings on mild weather (air conditioners running less), but the big boondoggle going bad is Kemper Coal, which has slipped six months from May 2014 to Q4 2014, and even the Wall Street Journal calls it “possibly the most expensive fossil-fuel power plant ever built in the U.S”. How bad will SO’s stock tank when SO’s even more expensive nuclear Plant Vogtle slips even more? Dividends can’t prop up SO’s share price forever, not when PSCs are revolting against the rate hikes and guaranteed profit hikes that prop up those dividends. When will Southern Company and Georgia Power get out front and lead in solar and wind power? Before or after the public, state public service commissions, and investors make them do it?

Justin Loiseau wrote for DailyFinance 4 November 2013, Southern Company Earnings: A $5 Billion Blunder? Continue reading →

Intervene about Fukushima –Japanese Senator Taro Yamamato

Movie actor Taro Yamamoto, who broke a taboo when he spoke out about Fukushima, and another when he was elected to the Japanese upper house in July, yesterday broke an even bigger one when he personally presented a request to Emperor Akihito about the health effects of the disaster at nuclear Fukushima Dai-Ichi. Some reaction in Japan was negative, because the Emperor supposedly plays only a symbolic role. However, Yamamoto’s request worked very well as PR, getting massive worldwide publicity.

Here is a petition to the Japanese Diet to support Taro Yamamoto’s action. Let’s not forget that Plant Hatch on the Altamaha River is the same design as Fukushima.

Here’s video from Euronews, yesterday on YouTube, Japanese politician breaks taboo by giving letter to Emperor about Fukishima fears,

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No solar tax –citizens in Gainesville GA

Solar advocate PSC Commissioner Bubba McDonald joined Tim Echols for this one. Citizens said no to Georgia Power’s proposed solar tax, just like in Savannah and Columbus.

Sarah Mueller wrote yesterday for Gainesville Times, Public gives thumbs-down to Georgia Power rate hike,

The Georgia Power Co. rate hike proposal and suggested fees on solar energy installation didn’t get a lot of support from residents who attended a town meeting in Gainesville on Tuesday night.

The Georgia Public Service Commission is reviewing a $482 million three-year rate increase request from the energy company that would add about $7.84 to the average ratepayer’s monthly bill. The Georgia Sierra Club and Georgia Watch has sponsored town meetings around the state this month to let commissioners hear public input on the request. Commissioners Tim Echols and Lauren “Bubba” McDonald participated in the meeting at the Brenau Downtown Center.

Pursuing solar energy as state policy was also a hot topic at the meeting, which was lightly attended. About 10 people spoke, criticizing the proposed hike, the company’s proposed guaranteed profit increase to 11.5 percent and Continue reading →

Fossil fuel divestment fastest

Not just faster than apartheid divestment; faster than divestment from tobacco, armaments, and others: fossil fuel divestment. It’s not about direct reduction of market capitalization; it’s about making it socially unacceptable to buy from stigmatized companies, and it works, and it’s working faster than ever for fossil fuels. Oh, and fossil fuel companies are a tiny sliver of university endowments, so ditching them is pain free, especially now that fossil fuel stock prices are not rising while solar stocks skyrocket (and nuclear stocks don’t). Go fossil free, go VSU.

Stranded Assets and the Fossil Fuel Divestment Campaign: What Does Divestment Mean for the Valuation of Fossil Fuel Assets? 8 October 2013 | Authors: Atif Ansar, Ben Caldecott, James Tilbury

Damian Carrington wrote for the Guardian Monday 7 October 2013 Campaign against fossil fuels growing, says study: Investors being persuaded to take their money out of fossil fuel sector, according to University of Oxford study,

A campaign to persuade investors to take their money out of the fossil fuel sector is growing faster than any previous divestment campaign and could cause significant damage to coal, oil and gas companies, according to a study from the University of Oxford.

The report compares the current fossil fuel divestment campaign, which has attracted 41 institutions since 2010, with those against tobacco, apartheid in South Africa, armaments, gambling and pornography. It concludes that the direct financial impact of such campaigns on share prices or the ability to raise funds is small but the reputational damage can still have major financial consequences.
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Dominion buying up solar projects

A Virginia electric utility bought a solar project near Georgia Power’s nuclear plant Vogtle, and has been busily buying up four more, in Indiana and Connecticut. The Georgia electric customer is recent coal-to-solar convert Cobb EMC, not Georgia Power. This is the same Dominion Power that got Virginia to legalize its “standby charge” of a monthly fee for individuals to connect solar to its grid. Is Dominion trying to beat Edison Electric’s warning of the disruptive challenge of rooftop solar by building large solar plants? If so, it’s a start, with quite a few construction jobs. And all of this new solar power is expected to be online this year, a lot faster than nuclear….

Dominion says of its Azalea Solar Power Facility:

Dominion announced on March 1, 2013, that it has acquired a solar energy development project in Georgia from Smart Energy Capital and Jacoby Development. The expected start of commercial operations is Dec. 1, 2013. (> View our news release for complete details.)

Dominion’s Azalea Solar Power Facility is planned to produce approximately 7.7 megawatts (AC) using photovoltaic technology. Dominion will select a contractor and oversee the construction of the project. The 40-acre project is located on Continue reading →

Nukes have always been a government sponsored boondogle as cover for nuclear weapons production –John Pate

From Eisenhower’s Atoms for Peace and Matsutaro Shoriki founding the Japanese nuclear industry to Shinzo Abe’s international nuclear salesmanship, nuclear power has always been a whitewash for nuclear weapons, with “peaceful” nukes a boondoggle for big corps subsidized by taxpayers and ratepayers. Yet the sun is rising around the world, on Japan as well as on the U.S.

U.S. President Dwight Eisenhower kicked it off with his “Atoms for Peace” speech at the UN, 8 December 1953,

The Atomic Energy Agency could be made responsible for the impounding, storage, and protection of the contributed fissionable and other materials. The ingenuity of our scientists will provide special safe conditions under which such a bank of fissionable material can be made essentially immune to surprise seizure.

The more important responsibility of this Atomic Energy Agency would be to devise methods whereby this fissionable material would be allocated to serve the peaceful pursuits of mankind. Experts would be mobilized to apply atomic energy to the needs of agriculture, medicine, and other peaceful activities. A special purpose would be to provide abundant electrical energy in the power-starved areas of the world. Thus the contributing powers would be dedicating some of their strength to serve the needs rather than the fears of mankind….

Against the dark background of the atomic bomb, the United States does not wish merely to present strength, but also the desire and the hope for peace.

And “Atoms for Peace” was part of an organized government PR campaign (“Operation Candor”) about Soviet nuclear weapons; see http://www.eisenhower.archives.gov/research/online_documents/atoms_for_peace.html”>Dwight D. Eisenhower Presidential Library for sources. Operation Candor was replaced by Operation Soothing Syrup (I am not making this up), according to Continue reading →

Solar and wind cheaper than fossil fuels –more evidence

The most cost-effective power sources are solar and wind, re-affirms a study that includes social costs, such as the environmental costs of the climate change caused by CO₂ from fossil fuels (the social cost of carbon, or SCC), and the health damage caused by sulfur dioxide pollution. It’s time to stop paying for utility executive profits with our health and dollars. No fracking, no pipeline.

M Caulfield wrote for Exposing the Truth 24 September 2013, Renewable Energy Now Cheaper Than Fossil Fuel,

Renewable energy is becoming more and more competitive. Alternative and renewable energy sources are increasingly becoming more affordable. According to a new study published in the Journal of Environmental Studies and Sciences, it is now less costly in America to get electricity from wind turbines and solar panels, than it is to get it from coal-fired power plants. The study shows, when climate change costs and other health impacts were factored in, that it is even more cost effective to convert an existing coal-fired power plant with a wind turbine, than it is to keep the old fossil fuel-burning plant.

Unsubsidized renewable energy is now cheaper than electricity from coal and gas power stations in Australia as well. Wind farms in Australia can produce energy at AU$80/MWh. Meanwhile, coal plants are producing energy at AU$143/MWh and gas at AU$116/MWh. And the myth that alternative energy sources were enormously more costly than the typical fossil fuels, is proving to be untrue. And after initial investment costs are waged, making them now ameliorated, and the raw materials for solar and wind power are free, besides costs of upkeep, and the harvesting of those sources doesn’t cause mayhem to the environment. Making it an ever-more appealing alternative energy source.

“The perception that fossil fuels are cheap and renewables are expensive is now out of date… The fact that wind power is now cheaper than coal and gas in a country with some of the world’s best fossil fuel resources shows that clean energy is a game changer which promises to turn the economics of power systems on its head,” – Michael Liebreich, chief executive of Bloomberg New Energy Finance.

In lead author Laurie Johnson’s Blog 17 September 2013, New Study: Clean Energy Least Costly to Power America’s Electricity Needs, Continue reading →

NRC back up: many nukes down

Now that the NRC is back up, we can see all the nukes that went down during the government shutdown: nine of them. If they’re not safe to run without NRC looking over their shoulder, are they safe to run at all? And two came back up. Was that a prudent thing to do? Meanwhile, solar panels don’t need an NRC.

Entergy’s chronically faulty Pilgrim 1 was the last to fall during the shutdown, while Southern’s defect-shipped Farley 1 was one of the first:

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Chinese nukes in Britain

Bad news from Britain. Let’s hope U.S. NRC doesn’t take this as a precedent.

The Telegraph, today, Chinese companies to buy big stake in next generation of British nuclear power,

George Osborne, the Chancellor, has announced that the UK will allow Chinese companies to take a stake in British nuclear power plants.

The decision could lead to China taking a future majority stake—and even be allowed to own up to 100 pc—in the development of the next generation of British nuclear power.

Mr Osborne made the announcement on Thursday the last day of a week-long trade visit to China after a visit to Taishan nuclear power station on the coast near Hong Kong.

Taishan is a collaboration between French energy company EDF and the China General Nuclear Power Company.

EDF is at the heart of UK Government Continue reading →

Many safety violations at Georgia nukes, and NRC is shut down

Georgia’s two nuclear sites got more than a safety violation a month over a dozen years, and now the Nuclear Regulatory Commission (NRC) is shut down. Maybe we need power sources that don’t need so much safety inspection, like solar and wind and efficiency and conservation.

AP wrote yesterday, 166 violations issued at Ga. nuclear power plants,

A congressional study expected to be released later this month shows that two nuclear power plants in Georgia were issued 166 safety violations between 2000 and 2012.

The unreleased Government Accountability Office report obtained by the Associated Press shows that Plant Hatch in Baxley was issued 90 safety violations during the time period. According to the report, three of the violations were higher-level offenses.

According to the report, Plant Vogtle in Waynesboro was also issued 75 safety violations between 2000 and 2012.

Allison Macfarlane wrote on the NRC blog 9 October 2013, From the Chairman: An Update on the NRC Shutdown, Continue reading →

On the LAKE front

Citizen dialog for transparent process by the Lowndes Area Knowledge Exchange